Lagatar24 Desk
Mumbai, April 20: In early trade on Wednesday, Indian equity indexes were higher, led by gains in automobile, information technology (IT), and consumer goods firms.
Concerns over the consequences of China’s pandemic lockdowns weighed heavily on global stock markets.
Trends on the Singapore Exchange’s Nifty Futures (SGX Nifty) pointed to a better start for the domestic indices.
The 30-share BSE Sensex jumped 495 points, or 0.88 percent, to 56,958, while the wider NSE Nifty advanced 153 points, or 0.91 percent, to 17,112 at 10:00 a.m.
Mid- and small-cap stocks rose, with the Nifty Midcap 100 up 1.22 percent and the small-cap index up 1.20 percent.
The National Stock Exchange’s 15 sector indicators were trading in the green, with 10 of them. Nifty Auto, Nifty IT, and Nifty FMCG all outperformed the index, climbing 2.22 percent, 1.24 percent, and 1.14 percent, respectively, to exceed the index.
Eicher Motors was the highest gainer on the stock market, jumping 4.63 percent to Rs.2,568.45. Tata Motors, Reliance Industries, Maruti Suzuki, and Coal India were all winners.
On the BSE, the overall market breadth was robust, with 1,932 shares gaining and 654 dropping.
Reliance, Maruti, Asian Paints, Wipro, ITC, TCS, M&M, Nestle India, Dr Reddy’s Laboratories, and Bharti Airtel were among the top gainers on the 30-share BSE index.
Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, L&T, PowerGrid, and ICICI Bank, on the other hand, were losing money.
